Annex's October First-Time Homebuyer Report

Annex has one of the most prosperous populations in New Haven with a median income of $43,259 per household. On top of being ranked the eighth- most affluent neighborhood, it also ranks as the seventh-youngest with a median age of 33 years. The Annex market primarily consists of detached houses, accounting for 79% of the current homes in the area. Heading the list of top schools in the neighborhood is Amistad Academy.

Price Range

Homes in Annex are generally less expensive than others in the city with a median home value of $150,395 and an average list price of $156,402. The Annex market pulled back with a 14.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (4.5) with six homes sold.

Typical Dwelling

The typical dwelling in Annex is a three-bedroom detached home worth about $137,580. To purchase a similar home, a buyer with good credit and a $27,516 cash down payment could obtain a mortgage with a 3.95% interest rate and a $751 monthly payment. The property tax rate is $18.96 per $1,000 of taxable assessed value.

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